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atin28
Jul 29, 2017 4:54 PM

Trend reversal candle Doji on top Short

HINDALCO INDSNSE

Description

Hindalco Outlook: Hindalco trading almost near life time high where we can see a doji and doji star formation with a confirmation candle, Doji and doji star are completely a reversal signal for short period of time and volume also decline for past two weeks (low demand on top).
If stock open on Monday near Friday close or below and able to break 213.25, this reversal trend will continued,
Try to apply this strategy with volume below 213.25 and immediate support levels are on 210.35/207.30 and strong support 205.20 level and resistance levels are 216/220.20/224.80

Order cancelled

Comments
atin28
this formation is completely get ignore or invalid now because its never break below 213.25 level.
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